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Array Technologies Shares Surge After First Big US Solar IPO of 2020

Array Technologies Shares Surge After First Big US Solar IPO of 2020

As Karl Stromsta of Greentech Media writes, New Mexico-based company, Array Technologies had its debut launch on Thursday.

The C3 Take
  • Utility-scale solar is now at cost parity with natural gas in some places.
  • Array Technologies is unique in that they have a system that rotates PV panels during the day to follow the sun, leading to more power being generated.
  • Array’s launch signals a growing appetite for investment in renewable energy.

“In listing its shares publicly, Array is riding two trends: growing demand for equipment that allows solar projects to squeeze out more power and strong demand for clean energy stocks ahead of November’s presidential election.”

Read the full article here.

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